Federal Reserve official Harker recently stated: "The Fed must raise interest rates now because current policy is not restrictive, and recent shocks have driven inflation higher. Rapid growth could put additional pressure on prices. Raising rates may be painful, but we cannot allow economic growth and investment to become excessive to the point where the economy overheats. Current inflation is widespread and not limited to just certain sectors. The Fed must be accountable for inflation data, an

Federal Reserve official Harker recently stated: "The Fed must raise interest rates now because current policy is not restrictive, and recent shocks have driven inflation higher. Rapid growth could put additional pressure on prices. Raising rates may be painful, but we cannot allow economic growth and investment to become excessive to the point where the economy overheats. Current inflation is widespread and not limited to just certain sectors. The Fed must be accountable for inflation data, an

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Federal Reserve official Harker recently stated: "The Federal Reserve must raise interest rates now because the current policy is not restrictive, and recent shocks have pushed inflation higher. Growth that is too rapid could add extra pressure on prices. Raising interest rates may bring pain, but we cannot allow economic growth and investment to accelerate to the point of overheating. Inflation at present is widespread, not limited to certain sectors. It is very important that the Federal Reserve is held accountable for inflation data."

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